Hydrogen demand growth needs new sectors
Demand must double by 2030 to be consistent with a net-zero emissions by 2050 scenario, says IEA
Hydrogen demand will reach 115mn t/yr by 2030, according to the IEA in its latest Global Hydrogen Review. Demand projections among other organisations are relatively consistent, with risk management group DNV foreseeing 131mn t/yr of demand by 2030 in its latest report, and thinktank the Energy Transition Commission estimating 120mn t/yr. All three forecasts are based largely around national and regional hydrogen strategies that lay out targets up to 2030—and all are low compared to what is needed, the IEA says. Some 130mn t/yr would be required by 2030 to meet existing climate pledges put forward by governments around the world, and nearly 200mn t/yr by the same date to be on track for net-
Also in this section
22 October 2024
Hydrogen is making inroads as a fuel for power plants as governments seek clean fuels to back up intermittent wind and solar
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
18 October 2024
Project in northeast of country set to start up in 2025 as developer signs technology deal with Icelandic firm Carbon Recycling International
17 October 2024
Experts debate carbon pricing and fossil fuel subsidies in the MENA region on second day of summit